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Singapore shares open 0.12% higher on Thursday as Fed up rates

SINGAPORE shares rose early Thursday after the US Federal Reserve raised its short-term interest rate target for the first time since the global financial crisis, with the Straits Times Index gaining by 0.12 per cent or 3.43 points to 2,844.35 as at 9.03am.

Gainers outnumbered losers 100 to 34, or about three up for every one down, as 63.7 million shares worth S$74.4 million were traded.

Addvalue Technologies was an early gainer, rising by 12.8 per cent or half a cent to 4.4 Singapore cents as at 9.03am.

DBS Group Holdings slipped 0.2 per cent, or 4 Singapore cents, to S$16.47, but its banking peers rose. United Overseas Bank inched up by 0.2 per cent or 3 Singapore cents to S$19.11 while OCBC added 0.5 per cent or 4 Singapore cents to S$8.69.